Tag Archives: Economy

  • Coronavirus crisis could plunge half a billion people into poverty

    The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, Oxfam said on Thursday. ...

  • Virus attacks global economy as Europe, US deaths mount

    The coronavirus pandemic is battering the world's major economies and could spiral into the deepest global recession in generations, experts warned Wednesday, as deaths rocketed up in Europe and the US. ...

  • World stocks rise on spending hopes, still set for worst week since 2008

    World stocks bounced off their lows on Friday on hopes of more central bank stimulus and government spending, but were still set for their worst week since the 2008 financial crisis, with coronavirus panic-selling. ...

  • Indian rupee hits 15-month low after fresh coronavirus cases in country

    The Indian rupee weakened for the third straight session on Monday, falling to its lowest level in more than 15 months, after two fresh cases of the coronavirus were detected in the country. ...

  • IMF downgrade of growth outlook ups pressure on India’s Modi

    A decision by the International Monetary Fund to downgrade its economic growth forecast for India is adding to pressure on Indian Prime Minister Narendra Modi over his policies. ...

  • China birth rate hits lowest level since 1949

    China's birth rate dropped last year to its lowest level since the Communist country was founded in 1949, adding to concerns that an ageing society and shrinking workforce will pile pressure on a slowing economy. ...

  • India’s economic growth slows, pressure on Modi to speed up reforms

    India’s annual economic growth slowed to 4.5% in the July-September quarter, its weakest pace since 2013, putting pressure on PM Modi to speed up reforms as five rate cuts by the central bank have failed to boost investments. ...

  • Saudi prince says war with Iran would gut world economy

    Saudi Arabia's crown prince said in an interview aired Sunday that war with Iran would devastate the global economy and he prefers a non-military solution to tensions with his regional rival ...

  • NS Venkataraman USA-China trade war: Who will have the last laugh?

    The world is watching how China and the US will deal with their trade issues, which could well determine the future of global trade relations and the overall global geo-political scenario. ...

  • China, US kick off new round of tariffs in trade war

    China and the United States began imposing additional tariffs on each other’s goods on Sunday, the latest escalation in a bruising trade war, but talks could take place later this month. ...